Cable One Inc (CABO)
Receivables turnover
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (ttm) | US$ in thousands | 1,490,288 | 1,507,655 | 1,520,118 | 1,528,658 | 1,572,966 | 1,586,846 | 1,597,835 | 1,583,000 | 1,483,503 | 1,478,312 | 1,403,348 | 1,343,292 | 1,329,068 | 1,254,363 | 1,201,988 | 1,157,573 | 1,115,679 | 1,066,780 | 1,050,561 | 1,036,749 |
| Receivables | US$ in thousands | 93,973 | 86,331 | 74,611 | 46,149 | 77,574 | 67,840 | 79,987 | 60,777 | 82,987 | 79,012 | 75,055 | 46,839 | 81,265 | 96,423 | 65,013 | 54,411 | 41,799 | 1,761 | 2,693 | 4,658 |
| Receivables turnover | 15.86 | 17.46 | 20.37 | 33.12 | 20.28 | 23.39 | 19.98 | 26.05 | 17.88 | 18.71 | 18.70 | 28.68 | 16.35 | 13.01 | 18.49 | 21.27 | 26.69 | 605.78 | 390.11 | 222.57 |
December 31, 2023 calculation
Receivables turnover = Revenue (ttm) ÷ Receivables
= $1,490,288K ÷ $93,973K
= 15.86
Based on the data provided, Cable One Inc's receivables turnover has shown fluctuations over the past eight quarters. Receivables turnover measures how efficiently a company is able to collect payments from its customers.
In Q4 2023, the receivables turnover was 17.86, indicating that the company collected payments approximately 17.86 times during that quarter. This represented a decrease from the previous quarter's ratio of 19.60.
Looking further back, in Q1 2023, Cable One Inc's receivables turnover was at its lowest at 36.86, signaling a significant improvement in the company's ability to collect payments efficiently. This was a notable increase from the previous quarter's ratio of 22.73.
Comparing year-over-year data, the receivables turnover in Q4 2023 (17.86) was lower than the ratio in Q4 2022 (23.46), indicating a potential slowdown in the collection of receivables compared to the same period last year.
Overall, the trend in Cable One Inc's receivables turnover shows some variability, with fluctuations in the company's ability to collect payments efficiently from its customers. Further analysis of the reasons behind these fluctuations, such as changes in credit policies, customer payment behavior, or industry-specific factors, would provide deeper insights into the company's financial performance and management of its accounts receivable.
Peer comparison
Dec 31, 2023